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Broadcom Inc., Elliott Wave Technical Analysis

Broadcom Inc.,(Nasdaq: AVGO): Daily Chart, 10 October 2023

AVGO Stock Market Analysis: WE have been looking for a potential wave 4 for a while now. It is starting to look a little too large compared to the corresponding wave 2, nonetheless, it is still valid.  

AVGO Elliott Wave Count: Wave {d} of 4.  

AVGO Technical Indicators: Above all averages.  

AVGO Trading Strategy: Looking for continuation sideways into wave 4 to then look for longs.  

Analyst: Alessio Barretta

Broadcom Inc., AVGO: 4-hour Chart, 10 October 2023

Broadcom Inc.,  Elliott Wave Technical Analysis
AVGO Stock Market Analysis: Looking for additional sideways movement to complete the overall correction in wave 4. As we keep moving in a series of three waves we can assume the move is corrective in nature.  

AVGO Elliott Wave count:  Wave {d} of 4.  

AVGO Technical Indicators: Above all averages.

AVGO Trading Strategy: Looking for continuation sideways into wave 4 to then look for longs.

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